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AMETEK Announces Record Second Quarter Results and Raises 2023 Guidance

PR Newswire - Tue Aug 1, 2023

BERWYN, Pa., Aug. 1, 2023 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the second quarter ended June 30, 2023.

AMETEK's second quarter 2023 sales were a record $1.65 billion, a 9% increase over the second quarter of 2022, with organic sales growth of 5%. Operating income increased 15% to a record $418.8 million and operating margins were a record 25.4%, up 130 basis points from the second quarter of 2022. Operating cash flow in the quarter was $335 million, up 42% versus the prior year.

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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